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20110701
20110731
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WETA 2
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WETA
Jul 9, 2011 6:00pm EDT
these months of doing nothing, sided with the $4 trillion a solution, the big solution, which includes tax reform and dealing with entitlements. maybe i'm whistling past the graveyard, but for the first time i feel a tiny bit of hope they can get this done. >> did we hear a suggestion from speaker boehner earlier this week that possibly, they might consider an increase in tax revenues? >> if you were to means test social security, for example, not a crazy idea, but it is a tax increase -- >> it is not a tax increase, it is a reduction of benefits. >> obama, as far as i can tell, has basically, and so far, thrown in the towel. he says he wants to have some loopholes close, but that unsystemic revenue increase does not get you very far. the question that is where you got? -- where do you cut? you have to cut everywhere, especially in science, especially defense, but you also have tax increases -- especially entitlements, especially defense, but you also have to have tax increases. >> that is not true. obama, as i understand it, has presented a range of options brought the little group decide
WETA
Jul 2, 2011 6:00pm EDT
, but charle'' point is right. this is tiny, tiny little drops in a big ocean. it is not plan to solve the problem to go after corporate jets or even to go after the hedge fund guys, although i would sure like to. they have got to raise revenues, i hate to say it, on the middle class. everybody -- this is the point that gets lost in this -- everybody is in this boat. there is no way out, as every american does something. >> raise revenues on the shrinking middle class, mark. >> evan is right, because it is going to affect everybody. evan addressed the possibility of defaults. when that happens, the federal government of the united states, which borrows 40 cents of every dollar we spend every single day, is faced with the option, do you pay a sergeant in combat in kandahar, a grandmother in a 1-bedroom apartment, a social security check, or do you meet the obligations of the bankers who are holding their debt in beijing and beverly hills? the answer is simple. the prior claim is on the second group. the reality that we are contending with -- what the president is proposing is increasing
Search Results 0 to 1 of about 2